Announcement No. 1 of 2023 from the Ministry of Finance and the State Administration of Taxation: From January 1, 2023 to December 31, 2023, small-scale taxpayers of value-added tax with monthly sales revenue of less than 100,000 yuan (or quarterly sales revenue of less than 300,000 yuan) shall be exempt from value-added tax, and small-scale taxpayers of value-added tax shall apply a taxable sales income rate of 3%, and be subject to value-added tax at a reduced rate of 1%.

interpret

- Small scale taxpayers originally paid value-added tax at a 3% tax rate. The state supports small and micro enterprises, and the value-added tax rate is reduced to 1%. However, you can waive the discount and issue a ticket with a 3% tax rate point.

- Monthly declaration of 10 and quarterly declaration of 30 are the time nodes that depend on the tax registration and declaration time of the enterprise. Generally, quarterly declaration is required, but there are also special monthly declarations. (You can view the declaration method at the electronic tax bureau)

- Monthly declaration of 10 and quarterly declaration of 30 are more suitable in tax law as the value-added tax threshold. The total amount of VAT special invoice+VAT general invoice (referring to the amount excluding tax).